Sam Bankman-Fried Trial: Late Nights, Deliberations, and Self-Betting

1 min read
Source: CNBC
Sam Bankman-Fried Trial: Late Nights, Deliberations, and Self-Betting
Photo: CNBC
TL;DR Summary

The trial of Sam Bankman-Fried, the founder of FTX, has entered its final stretch as closing arguments wrapped up and the trial moves to jury instructions and deliberations. Bankman-Fried faces charges including wire fraud, securities fraud, and money laundering related to the collapse of FTX and sister hedge fund Alameda Research. The government is providing pizza and Uber rides for the jurors, who may be held past 8 p.m. as the trial progresses. Prosecutors argued that billions of dollars of customer money went missing from Bankman-Fried's crypto exchange, accusing him of fraud and seeking a guilty verdict.

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